Large businesses and organisations have been able to streamline their operations by implementing technology into their workflows and structure for many years. Once seen as a huge investment to overhaul archaic systems, most modern businesses now begin life as tech-savvy enterprises. Whether that’s using software to manage their workflows and finances or to maintain contact […]
There has been a mood change among landlords in recent weeks, where once we were fundamentally an optimistic group many are now becoming very pessimistic, and the media aren’t helping.
If you’re considering self-managing your property business, a good place to start is to understand exactly what might be expected from you on a day to day basis. In this post, we’re going to look at the typical step by step management of a property from what to do before you find a tenant right […]
As the government continues to squeeze landlords and force many out of the market, it is becoming increasingly evident that landlords seeking to generate sufficient returns need to find ways of adding value. Such value can come from less tangible actions, such as an understanding of the market, knowledge of infrastructure spending or tasteful décor, […]
We all know that being a residential landlord is a big responsibility. Whether you’re new to BTL or have an established rental portfolio to manage, it’s important that you understand your legal responsibilities to protect both yourself and your tenants.
As an existing or prospective landlord, there are three main options available when it comes to buying property. You can either:
Over five years ago, I took my first tentative steps toward becoming a landlord. Like many, I was captivated by the prospect of a secure, passive income and a healthy retirement fund that would support me in my future years. What is more, how hard could it really be? There are countless books, videos, and […]
Self-management of your property business is as cheap or expensive as you want it to be. In loose financial terms, it is down to the level of your knowledge and the systems you want to use to manage your properties. As we’ll learn in this post though, the costs of self-management go beyond money.
Aside from the daily management of your property business that you’ll always be doing, at some point you’ll want to explore how to grow. Business growth is a part of running a property business that is most often overlooked by letting agents.
A gloom has descended over the landlord community, it began when we were treated like no other business and had the interest on business loans/mortgages (which amount to the same thing in our business) excluded from tax exemption – known as Section 24 because it is Section 24 of the Finance Act 2017.
Short-term vacation rentals are a great way to boost your income and with regular bookings, a holiday property can even outperform a standard rental property.
In 2022, people are more focused on at-home living than they were pre-pandemic. The surge of remote workers combined with general social anxiety has meant that people are much more interested in properties that can meet their comfortable homebody needs.
On the 16th of June 2022, the government released its long-awaited white paper on rental reform in the UK, titled ‘A Fairer Private Rented Sector’. The report is arguably one of the biggest shake-ups to the private rental sector in over 30 years, advocating wholesale changes to the structure of tenancy agreements, eviction rights and […]
It is safe to say that every self-managing landlord has a system to help them keep on top of their property business. Popular tools range from paper-based systems, through to software, access databases, spreadsheets, or a mix of these. In this post, we’re going to look at the most common management methods used by landlords […]
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